Verizon–Verizon reported fourth quarter profit of 66 cents per share, a penny above estimates, with revenue also slightly above consensus. Separately, Verizon is buying the assets of Intel Media from Intel for an undisclosed amount. The deal is expected to close during the current quarter.

Travelers–The insurance company earned $2.68 per share, excluding certain items, for the fourth quarter, beating estimates of $2.15. Revenue was also above estimates, due in part to a strong performance by the company's business insurance unit.

Johnson & Johnson–The medical device and consumer products company earned $1.24 per share for the fourth quarter, four cents above estimates. Revenue also beat estimates, with the company's pharmaceutical business among the key drivers.

Forest Labs–The drug maker beat estimates by a wide margin in its first full quarter under new CEO Brent Saunders, reporting third quarter profit of 27 cents per share. Analysts had predicted profit of four cents per share, but Forest Labs was helped by higher sales of drugs for hypertension and Alzheimer's disease. It also raised its full year forecast.

Baker Hughes–The oilfield services company earned 62 cents per share for the fourth quarter, beating estimates by a penny, with revenue also beating consensus. Profits were helped by a strong performance in the Middle East and Africa.

Halliburton–Halliburton joined competitor Baker Hughes in beating estimates, reporting fourth quarter profit of 93 cents per share compared to estimates of 89 cents. It also benefited from strong performances for business outside of North America.

IBM-The computer giant is in advanced talks to sell its server business to Lenovo, according to a Reuters report. Lenovo has acknowledged that it is preliminary talks about an acquisition, although it declined to name the other party.

SAP–SAP has pushed back its profit growth targets, so that the business software producer can invest more in its cloud-based business.

DirecTV–The satellite TV provider is entering the second week of its dispute with the Weather Channel, with no end in sight. According to reports, the two sides are not currently talking as the disagreement over carriage fees continues.